Flexibility and real estate valuation under uncertainty : a practical guide for developers / David Geltner, Massachusetts Institute of Technology, Cambridge, MA, USA, Richard de Neufville, Massachusetts Institute of Technology, Cambridge, MA, USA.
Provides a revolutionary conceptual framework and practical tools to quantify uncertainty and recognize the value of flexibility in real estate development This book takes a practical "engineering" approach to the valuation of options and flexibility in real estate. It presents simple simu...
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